Piero Cipollone: Shaping the future of money
Source: Ecb ·
From the source
Keynote speech by Piero Cipollone, Member of the Executive Board of the ECB, at the eighth International Conference of Regional Card Schemes and Retail Financial Market Infrastructures Money connects people and societies. But to do this, it must be trusted. It must allow people and businesses to transact safely and efficiently. And it must evolve with geopolitical and technological developments. For centuries, central banks have issued money and safeguarded its value. That mandate remains unchanged. But the environment in which money is used is being transformed. People are increasingly paying digitally. Tokenisation could reorganise the financial value chain. New solutions are being considered to enhance cross-border payments. And geopolitical fragmentation is making the resilience and governance of critical infrastructure ever more important. Central banks must therefore ensure that the money they issue remains fit for the future. This does not mean replacing the private sector or…
BestAIBroker analysis
- Finance-aware sentiment: neutral (+0.00 on a -1 to +1 scale).
- Event classification: OTHER.
- Market importance score: 22/100, weighting entity relevance, source credibility, multi-outlet coverage and recency.